FG, states, local governments share N802.407bn as FAAC allocation rises by 18%
By Onome Amuge. The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N802.407 billion as federation
Oil revenues from producing states make up 41% of N418.8bn shared by FG in May
Nine oil producing states, including Lagos, contributed N174.99 billion (or 41 percent) in oil revenues to the N418.82 billion shared